Pioneer Natural Resources (PXD) to Post FY2018 Earnings of $6.86 Per Share, Seaport Global Securities Forecasts

Pioneer Natural Resources (NYSE:PXD) – Stock analysts at Seaport Global Securities lifted their FY2018 earnings per share (EPS) estimates for shares of Pioneer Natural Resources in a research note issued on Tuesday, October 23rd. Seaport Global Securities analyst J. Aschenbeck now expects that the oil and gas development company will post earnings per share of $6.86 for the year, up from their previous forecast of $6.57. Seaport Global Securities currently has a “Neutral” rating and a $210.00 price objective on the stock. Seaport Global Securities also issued estimates for Pioneer Natural Resources’ Q4 2018 earnings at $2.14 EPS.

PXD has been the subject of a number of other reports. TD Securities started coverage on shares of Pioneer Natural Resources in a research note on Thursday, July 5th. They issued a “buy” rating and a $240.00 price objective for the company. Morgan Stanley started coverage on shares of Pioneer Natural Resources in a research note on Thursday, July 12th. They issued an “overweight” rating and a $240.00 price objective for the company. Robert W. Baird set a $225.00 price objective on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research note on Friday, July 27th. Zacks Investment Research cut shares of Pioneer Natural Resources from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $245.00 price objective on shares of Pioneer Natural Resources in a research note on Friday, July 13th. Five investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. Pioneer Natural Resources has a consensus rating of “Buy” and an average target price of $233.93.



Shares of NYSE PXD opened at $149.66 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.98. The firm has a market capitalization of $27.78 billion, a PE ratio of 69.29, a PEG ratio of 1.72 and a beta of 0.95. Pioneer Natural Resources has a 1 year low of $140.65 and a 1 year high of $213.40.

Pioneer Natural Resources (NYSE:PXD) last announced its earnings results on Tuesday, August 7th. The oil and gas development company reported $1.41 EPS for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.08). The business had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Pioneer Natural Resources had a net margin of 12.23% and a return on equity of 7.29%.

A number of hedge funds have recently added to or reduced their stakes in the business. Advisor Partners LLC lifted its position in Pioneer Natural Resources by 9.3% during the second quarter. Advisor Partners LLC now owns 3,153 shares of the oil and gas development company’s stock valued at $597,000 after purchasing an additional 267 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Pioneer Natural Resources by 1.2% during the second quarter. Nomura Asset Management Co. Ltd. now owns 23,913 shares of the oil and gas development company’s stock valued at $4,526,000 after purchasing an additional 273 shares during the last quarter. Sippican Capital Advisors lifted its position in Pioneer Natural Resources by 3.2% during the second quarter. Sippican Capital Advisors now owns 9,689 shares of the oil and gas development company’s stock valued at $1,834,000 after purchasing an additional 297 shares during the last quarter. CWM LLC lifted its position in Pioneer Natural Resources by 5.5% during the second quarter. CWM LLC now owns 6,307 shares of the oil and gas development company’s stock valued at $1,194,000 after purchasing an additional 326 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Pioneer Natural Resources by 1.6% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,522 shares of the oil and gas development company’s stock valued at $4,451,000 after purchasing an additional 361 shares during the last quarter. Institutional investors and hedge funds own 88.86% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 28th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.64 annualized dividend and a yield of 0.43%. This is a positive change from Pioneer Natural Resources’s previous quarterly dividend of $0.04. Pioneer Natural Resources’s dividend payout ratio (DPR) is 14.81%.

Pioneer Natural Resources Company Profile

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado, and the West Panhandle field in the Texas Panhandle.

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Earnings History and Estimates for Pioneer Natural Resources (NYSE:PXD)

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